Meeting Between Staffs of the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC), and

The Goldman Sachs Group, Inc. October 6, 2016

Participants: Mark Van Der Weide, Peter Clifford, Kevin Littler, Rena Miller, Lesley Chao,

Dafina Stewart, Adam Cohen, Brian Chernoff, and Josh Strazanac (Federal Reserve Board)

Henry Barkhausen, James Weinberger, Ang Middleton, Daniel Perez, David Malmquist, and David Stankiewicz (OCC) Greg Feder, Suzanne Dawley, Eric Schatten, Andrew Carayiannis, and Nana Ofori-Ansah (FDIC) Elisha Wiesel, Rajashree Datta, Faryar Shirzad, and Kyle Russ (Goldman Sachs)

Summary: Staffs of the Federal Reserve Board, OCC, and FDIC met with representatives of Goldman Sachs to discuss the notice of proposed rulemaking to establish the Net Stable Funding Ratio in the United States. Specifically, Goldman Sachs’ representatives discussed (1) the treatment of variation margin in the proposed rule, (2) the available stable funding factors assigned to certain brokered deposits in the proposed rule, and (3) the requirement in the proposed rule that intercompany transactions not count towards a firm’s available stable funding. Attachment